Let’s take an example of a gift of $100,000 from community property. Sch A has you divide the gift in half. That $50,000 flows to Part 4 line 1. The annual exclusion ($15,000) is subtracted leaving $35,000 on line 3 and line 11. That amount goes to page 1, part 2, line 1 where the tax is calculated and later in the form the $11.4 million gift exclusion will zero the tax out. As you have said, the same information on your spouse’s form is also filed so the total amount of the gift is accounted for.
